Nvidia Inc. (NVDA) reported strong Q3 free cash flow margins and analysts have raised their revenue forecasts. This means NVDA stock could be undervalued by 26% with a price target of $179 per share. Shorting OTM puts is attracting interest.
NVDA is at $142.19 in midday trading on Friday, Nov. 22. This is down from its recent peak of $148.88 on Nov. 7. It's been treading water, but could be due for a rebound, based on its strong results.